The government has a fiscal deficit target of 3.4 per cent of gross domestic product for 2019-20. While the RBI is likely to be open to more policy easing, provided inflation does not surge, their impact on economic activity may be limited, given debts burdening India's state banking sector.
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Interest rates paid by small finance banks are higher compared to their larger peers such as State Bank of India, HDFC Bank among others
SBI Student Loan: State Bank of India, the country's largest lender, offers education loans for higher studies. State Bank of India offers student loans to Indian citizens for pursuing higher education within the country or abroad, at interest rates starting from 10.5 per cent
Under SBI (State Bank of India) annuity deposit scheme, the facility of premature payment is available. However, it is permitted only in case of death of the depositor.
Top gainers on the index were Bharti Infratel, Tech Mahindra, ITC, State Bank of India and TCS.
SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the deadline for submitting bids under the stake sale ended today at 6:00 pm. Jet Airways' lenders have taken a controlling stake in...
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